Bridgton Reviews Ongoing Norway Savings Bank Investment Mandate

The Town of Bridgton Investment Committee reviewed its ongoing investment management relationship with Norway Savings Bank, including portfolio performance, allocation, and fee arrangements. Norway confirmed that a 50% discount from the standard fee schedule is currently being applied under the agreement. The committee also raised concerns about unresolved historical performance reporting issues.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal

Existing investment management agreement with tiered fee schedule (1.00% on first $1M, 0.90% on second $1M, 0.75% on next $2M, negotiated fees over $4M) with a 50% discount applied; no explicit renewal or termination dates discussed in the minutes.

Document type

Minutes

Source document

Town of Bridgton Investment Committee Meeting Minutes 2026-05-14

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Bridgton Water District?

Norway Savings Bank was awarded this financial services contract by Bridgton Water District, as recorded on May 14, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Town of Bridgton Investment Committee Meeting Minutes 2026-05-14 (Minutes), dated May 14, 2026 from Bridgton Water District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Norway Savings Bank hold?

Norway Savings Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Norway Savings Bank's profile

What is Bridgton Water District currently buying?

Explore Bridgton Water District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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Bridgton Reviews Ongoing Norway Savings Bank Investment Mandate

Scope & details

Related contracts

Frequently asked questions

Who was awarded the financial services contract by Bridgton Water District?

What type of contract is this?

Where was this contract approved?

What other contracts does Norway Savings Bank hold?

What is Bridgton Water District currently buying?

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